Snowflake Inc.SNOW
▲ PositiveCapitalrelevance
Earnings expected to rise 28.6% with revenue growth and strong customer metrics, indicating positive financial performance.
Impact on stocks 1
Cloud & Digital Infrastructure
Snowflake Inc.Snowflake Inc. is set to report quarterly earnings of $0.45 per share, up 28.6% from a year ago, with revenues forecast at $1.47 billion, a 28.8% increase. The consensus EPS estimate has remained unchanged over the past 30 days. Analysts also project product revenue of $1.42 billion, up 30%, and professional services revenue of $60.04 million, up 10.2%. Remaining performance obligations are estimated at $9.48 billion, compared to $6.90 billion a year ago. Total customers are expected to reach 14,399, up from 12,062, and customers with trailing twelve-month product revenue over $1 million are seen at 818, versus 654 last year. Non-GAAP product gross profit is projected at $1.06 billion, and GAAP product gross profit at $1.01 billion. Snowflake shares have gained 10.4% over the past month, outperforming the S&P 500's 4.3% rise, and the stock holds a Zacks Rank #2 (Buy).
Snowflake Inc.Earnings expected to rise 28.6% with revenue growth and strong customer metrics, indicating positive financial performance.